Where and How to Lend Wrapped POL (WPOL)

Introduction

Lending Wrapped POL can be a great option for those who wish to hold WPOL but earn interest. The steps can be a bit intimidating, especially the first time you attempt them. That's why we have compiled this guide for you.

Step-by-Step Guide

1. 1. Acquire Wrapped POL (WPOL) Tokens

   To lend Wrapped POL, you need to have it. To obtain Wrapped POL, you’ll need to buy it. You can choose from these popular exchanges.

2. 2. Select a Wrapped POL Lender

   Once you have WPOL, you’ll need to choose a Wrapped POL lending platform to lend your tokens. You can see some options here.

   Platform	Coin	Interest rate
   Aave	Wrapped POL (WPOL)	Up to 1.74 APY

3. 3. Lend Your Wrapped POL

   After you have selected a platform for lending your Wrapped POL, transfer your Wrapped POL into your wallet on the lending platform. Once it is deposited, it will begin earning interest. Some platforms pay interest on a daily basis, while others do so weekly or monthly.

4. 4. Earn Interest

   Now all you have to do is relax while your crypto earns interest. The more you deposit, the more interest you can earn. Make sure your lending platform pays compounding interest to maximise your returns.

What to Keep in Mind

Lending your crypto can be risky. Ensure that you do your research before depositing your crypto. Don’t lend more than you’re prepared to lose. Verify their lending practices, reviews, and how they secure your cryptocurrency.